Nigeria===Central Bank of Nigeria

The Nigeria===Central Bank of Nigeria has published its inaugural Fintech Report, outlining a framework for innovation, financial inclusion, and system integrity within Nigeria's fintech ecosystem. This report aims to provide regulatory clarity and strengthen supervisory capabilities, positioning the Nigeria===Central Bank of Nigeria as a key driver of the sector's development.

The Nigeria===Central Bank of Nigeria has approved the participation of licensed Bureau De Change operators in the Nigerian Foreign Exchange Market, aiming to improve foreign exchange liquidity and narrow the gap between official and parallel market rates. This move reflects a strategy to balance market access with strong regulatory oversight.

The Nigeria===Central Bank of Nigeria, in collaboration with the Nigeria===Nigerian Communications Commission, has proposed a new framework to ensure prompt refunds for failed airtime and data purchases, aiming to enhance consumer trust and accountability in Nigeria's digital financial ecosystem. This initiative is expected to improve the efficiency of digital payments and reduce consumer complaints.

The Nigeria===Central Bank of Nigeria is facing a lawsuit over alleged missing N3 trillion in public funds and N629 billion paid to 'unknown beneficiaries' under the Nigeria===Anchor Borrowers Programme. These allegations severely damage its reputation for transparency and accountability, potentially undermining public and investor confidence.

The Nigeria===Central Bank of Nigeria has successfully acquired responsibly sourced gold, increasing its total gold holdings to $3.5 billion. This move is a significant step in its reserve diversification strategy, aiming to preserve foreign exchange holdings and strengthen national gold reserves.